1. [Debit] Building account xxxx
[Credit] building fund account xxxx
First of all general reserves need to be converted into cash by issuing new shares and then that cash can be used to purchase building.
This should be recorded in the cash payment journal.
A purchase account holder recently discovered that the purchase account was billed multiple times for the same purchase. Prior to disputing, how should the account holder try to work out a resolution?
cash payments journal
A purchase account holder recently discovered that the purchase account was billed multiple times for the same purchase. Prior to disputing, how should the account holder try to work out a resolution?
Credit your capital account, debit the freehold property account
First of all general reserves need to be converted into cash by issuing new shares and then that cash can be used to purchase building.
This should be recorded in the cash payment journal.
A purchase account holder recently discovered that the purchase account was billed multiple times for the same purchase. Prior to disputing, how should the account holder try to work out a resolution?
cash payments journal
A purchase account holder recently discovered that the purchase account was billed multiple times for the same purchase. Prior to disputing, how should the account holder try to work out a resolution?
A company that uses special journals should record a transaction involving the purchase of merchandise for cash ia a: Answer: Cash Payments Journal
You record on the debit side an amount of 5000 that should be transferred to the general reserve account.
Wait for the new account to arrive and destroy the old account once the new account is received and activated.
[debit] treasury stock [credit] cash / bank
The Agency/Organization Program Coordinator (A/OPC)
You have to have a subscription - a paid for account , and on the image that you want there should be a URL and Thumbnail , use the ThumbNail code and copy and paste it into your journal